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Data Analysis


Businesses rely heavily on automated systems that generate large amounts of data. Brown Smith Wallace’s Security and Privacy team, utilizing powerful data analysis tools (ACL, Monarch, IDEA, Microsoft Access, SQL, ACCPAC, CFO, OLAP, etc.), can help your company gather data and perform detailed analysis to provide insight for strategic and critical business decision making.

Revenue Assurance

We help management assess and understand your revenue cycle by documenting business process and data flows and by identifying control gaps. By utilizing data analysis techniques we can help identify revenue leakage in complex systems and provide solutions to reduce risk, improve customer relations, reduce administration costs, and improve workflow management.

Business Data Mining

We will help you sift through large amounts of data to use for trend analysis or pattern recognition. After identifying the need for data, we can analyze the available information and generate reporting models stratifying and summarizing the data for effective decision-making.

Cost Recovery

We provide assurance that your company is managing and controlling their expenditure process in an efficient and effective manner. We apply analytical and audit techniques to your expenditure cycle to ensure the process is effectively controlled and cost management opportunities are utilized. Cost Recovery encompasses several key areas: duplicate payment identification and recovery, missed discounts, price variance analysis, global contract opportunities, etc.

Fraud Detection

Asset misappropriation, embezzlement and theft can occur at any time within a company and can lead to significant monetary losses. We assist companies in assessing their controls to mitigate the risk of fraud and utilize data analysis tools and techniques to identify fraudulent activity, which may include check tampering, billing schemes, expense reimbursement schemes, and payroll fraud.

Data Integrity

In order for management to make sound business decisions and business processes to run effectively the associated data must be reliable. Business success is based on good decisions and all decisions are based directly or indirectly on data. We can help your company assess problems and examine processes that work to preserve the value of your business data.

Why should I engage Brown Smith Wallace?

We have a highly experienced and certified IT audit team that provides these services to small local providers to major national companies.

Being a full-service CPA firm, licensed in Missouri and Illinois, with licensed offices worldwide through the Moore Stephens network, we understand and are required to integrate all Financial Accounting Standards Board (FASB), Statement on Auditing Standards (SAS), and Sarbanes-Oxley and other Securities and Exchange Commission (SEC) pronouncements, rules and regulations.

We constantly perform internal training on all pronouncements and requirements. Currently, we are incorporating SAS No. 99 into our internal audit practice, which increases the auditor’s responsibility for fraud detection. Brown Smith Wallace is registered with the newly created Public Companies Accounting Oversight Board (PCOAB).

What else should I consider?